Shares of Palo Alto Networks fell on Wednesday, even after the cybersecurity company reported better-than-expected quarterly results and raised its full-year outlook. However, the stock is no stranger to post-earnings dips and usually recovers losses quickly. This time should be no different. Revenue for the company's fiscal 2026 first quarter increased 16% year over year to $2.48 billion, exceeding the Wall Street consensus estimate of $2.46 billion, according to LSEG. Adjusted earnings per share (EPS) increased 19% to 93 cents in the quarter, ahead of the 89-cent LSEG consensus estimate. Shares fell more than 3% in after-hours trading to about $194. It was up nearly 10% for the year entering earnings. PANW 1Y mountain Palo Alto 1-Year Return Bottom line "As many of you saw last week, wit
Palo Alto dips after strong quarter — why we're bullish on next year
CNBC2 hrs ago
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